Udupi: Two Shiriyara Seva Cooperative Society employees booked for misappropriation of Rs 1.7 crore

Mangalore Today News Network

Udupi, Nov 18, 2025: The Kota police in Udupi district have registered a case against two employees of Shiriyara Seva Cooperative Society for alleged misappropriation of about Rs 1.7 crore in the society’s Kavadi branch.

The police said prime accused Suresh Bhat, the in-charge manager, and junior clerk Harish Kulal worked in the Kavadi branch. Following their transfers, Bhat’s colleague Ram took over charge from him.

Mr. Ram found discrepancies in the collection of deposits upon finding Rs 1.7 crore missing. The Shiriyara Seva Cooperative Society CEO, along with office staff, visited the Kavadi branch for an inquiry and found that the amount was misappropriated. Gold ornaments pledged by Kulal to avail a loan of Rs 21 lakh were also missing.

Based on the complaint by the society, Bhat and Kulal were booked under Sections 318(3) and (4), 112, and 3(5) of Bharatiya Nyaya Sanhita.